NHAI steers clears Rs. 616-cr road project

Panvel to Indapur Highway
The Panvel to Indapur highway stretch in Maharashtra, which has been touted as among the biggest of the three targeted projects, but remained in limbo for quite some time for various reasons including land acquisition, has now been cleared by NHAI at an investment worth Rs. 616cr, said official sources, elaborating that the mega project will get Rs. 540-cr from NHAI and Rs. 76-cr from banks and promoters. The project was being implemented by a joint venture between Supreme Infrastructure India, Mahavir Road and Infrastructure, and China State Construction Engineering Hong Kong. The 84-km Build, Operate, and Transfer (BOT) toll project was started in December 2011 and was scheduled to be completed this December.

RLDA offers ₹10,000-cr land parcels for development

The Rail Land Development Authority (RLDA) is all set float tenders worth ₹10,000 crore as part of its efforts to monetize land, vice chairman Ved Parkash Dudeja, said adding that the move provide an opportunity to developers to Read More ...

L&T & DB Realty in JV plan 1.4-mn sq ft residential project

Larsen & Toubro's real estate development arm, L&T Realty, is forming an alliance with DB Realty to jointly develop over 1.4 million sq ft residential project in Mumbai's western suburb Malad, said sources, adding that the project Read More ...

Banguluru gets ₹200-cr Bridge in KR Puram

In an attempt to ensure trouble free transport system in the area, the state government in Karnataka has announced the construction of a new bridge between Indiranagar and Medahalli in the KR Puram constituency area in Bangaluru Read More ...

UP approves ₹900-cr for RRTS project in NCR

In a bid to boost regional connectivity in NCR, the UP government has allotted ₹900 crore to country's first Regional Rapid Transit System. Prior to this, Centre has allotted ₹2,487 crore to the project in the union budget for which Read More ...

NEC takes up ₹189-cr Tuensang-Longleng road project

North Eastern Council (NEC) has recently launched the much awaited construction and rehabilitation work on the Tuensang-Longleng road under North East Road Sector Development Scheme (NERSDS) at Nagalempong Zero Point Longleng Read More ...

Aurangabad roads get ₹152-cr road building booster

In response to a proposal sent by the Aurangabad Municipal Corporation in Maharashtra, the state government has cleared ₹152-cr for the development of roads with in the municipal limit, State Urban Development Minister Eknath Shinde Read More ...

Chennai metro gets ₹3,100-cr funding

The state has allocated 3,100 crore for construction of Chennai Metro Rail Project's phase-2 spanning 118.9 km. The state has also requested the Centre to approve funding for the project and provide 50% equity share capital Read More ...

Coastal road worth ₹13,000-cr reaches tunneling stage

Piling and reclamation work for the ₹13,000 crore Coastal Road project is in full swing and the next step is construction of two tunnels in South Mumbai, said MMRDA sources. Digging of the tunnels would begin shortly and will Read More ...

MRIDC steers ₹16,039-cr Pune-Nashik high speed rail project

Maharashtra Railway Infrastructure Development Corporation (MRIDC) has sought approval from the Railway board and the Govt. of Maharashtra for Pune-Nashik semi-high-speed train service, which aims to reduce the travel time between Read More ...

TN takes up 10-km long ₹1,620-cr elevated project

The Tamil Nadu government has decided to construct a 10.1km four-lane flyover on the expressway starting from Uppilipalayam Junction and ending after Kovai Medical Centre Hospital (KMCH). Deputy chief minister and state finance Read More ...

Pune pushes three metro rail projects

The three Metro lines in Pune will become operational by 2022, two of which are being developed by MahaMetro, and the third by the Pune Metropolitan Region Development Authority (PMRDA). Union minister Prakash Javadekar Read More ...

PMRDA plans ₹600-cr two-tier twin flyovers

The Maharashtra government has directed the Pune Metropolitan Regional Development Authority (PMRDA) to build two-tier flyovers comprising a vehicular thoroughfare and a Metro viaduct at three key junctions in the city Read More ...

CMRL unveils fifth metro corridor worth ₹178-cr

Chennai Metro Rail Limited (CMRL), which conducted a feasibility study for the Coimbatore metro rail project, has decided to create a fifth corridor to connect Vellalore and Ukkadam and has also identified two places at Read More ...

Godrej plans residential project on ₹1,359-cr land parcel

Godrej Properties has announced a new project in the residential market of Ashok Vihar in Delhi on a land it has fixed from the Railway Land Development Authority at a value of ₹1,359 crore. The the over 26.58 acre residential Read More ...

UP fast tracks Ganga e-way with ₹2,000-cr infusion

To fastrack the Ganga Expressway, the UP government has infused ₹2000 crore for its construction. One of the longest in India at 637-km, the Expressway will connect Meerut to Prayagraj. In a related development, shortly after Read More ...

BMC speeds up ₹350-cr Versova-Madh bridge project

BMC's long-pending project to build a bridge between Versova and Madh Island is set to kick off with the appointment of a consultant by the civic body. The bridge will bring down travel time from Versova to Madh from 1 hour Read More ...
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